Grant Enterprises and Lee Corporation report the following amounts for the year. Grant Lee Inventory (beginning) $ 15,000 $ 41,000 Inventory (ending) 9,000 51,000 Purchases 133,200 157,600 Purchase returns 6,000 51,000 3. Calculate the average days in inventory for each company. (Round your intermediate calculations to 1 decimal place.)

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?